The Minister of Economy today predicted 3.2 per cent growth in GDP in the UAE this year, several percentage points above forecasts from the IMF and the World Bank.
Speaking at the Global Dubai Tea Forum, Sultan al Mansouri said the economy had grown by 1.3 per cent last year, a rate that would accelerate this year because of an improving global economic climate and oil prices that remained at about US$80 a barrel. Crude oil traded at above $81 a barrel yesterday.
"The difficult side of it is behind us," Mr al Mansouri said. "Now we are moving on. If you look at the price of oil, it's going up. That's a positive sign that GDP should grow."
The IMF and World Bank have recently forecast flat growth for the UAE economy this year. The IMF in January said the country's economy had shrunk by 0.7 per cent last year, and foresaw a growth rate of close to zero this year.
Mr al Mansouri declined to predict GDP growth for Dubai or the other individual emirates until the Dubai Government-owned group Dubai World has settled a US$26 billion (Dh95.49bn) debt restructuring.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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UAE currency: the story behind the money in your pockets
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'C'mon C'mon'
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Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
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Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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